consumer loan products ** *
TRANSCRIPT
Certain restrictions apply, rates are subject to change without notice. Equal Housing Lender - Member FDIC - International Bancshares CorporationInternational Bank of Commerce NMLS #421821
Ph (512) 320 - 9501
Max CLTV Loan Amount Credit Score Rate80% $10,000 - $250,000 700+ 4.990%
Term Rate Term Rate 90% $10,000 - $200,000 700+ 5.250%5-Yr 5.000% 5-Yr 5.375% 90% $10,000 - $75,000 680-699 5.990%
10-Yr 5.250% 10-Yr 5.625% 95% $10,000 - $75,000 700+ 5.990%15-Yr 5.250% 15-Yr 5.625% 95% $10,000 - $50,000 690-699 6.990%20-Yr 5.500% 20-Yr 5.875%
Term Rate Term Rate5-Yr 5.000% 5-Yr 5.375%
10-Yr 5.250% 10-Yr 5.625% Credit15-Yr 5.250% 15-Yr 5.625% Flood20-Yr 5.500% 20-Yr 5.875% VOE
Title SearchRecordingClosingAppraisal FeeTax Cert
Notes:
Credit Report, Appraisal, and Title Policy fees not included in this offer.
Additional requirements apply, please review Quick Reference Guidelines on following page.
Applies to all Home Equity & Home Improvement Loan Types Only:
FICO 700+ No Adjustment
Home Improvement Loans*1st Lien 2nd Lien
+0.50%FICO 660 - 679 +0.75%FICO 620 - 659 +1.25%
FICO 680 - 699
**
*
Closing Fee Estimates
$300 + $100 Doc Prep for 2nd Lien Refinance
Title Policy Varies (applicable to lot loans and all products with LA > $250K)
Origination Fees
$15.80
$15 (if applicable)
$34.08
Max LTV = 50% Max CLTV = 80%
1st Lien 2nd LienHome Equity Fixed Rates*
Max LTV = 80% Max CLTV = 80%Credit Score 620+ Credit Score 660+
Closing Costs Paid by IBC**Rate Sheet Adjustments below apply
Home Equity Line of Credit*1st Lien 2nd Lien
Credit Score 620+ Credit Score 660+
Max LTV/CLTV = 90%
Credit Score 620+ Credit Score 680+
$15,000 - $200,000$15,000 - $500,000
Floor Rate = 4.25%Floor Rate = 4.25%
Repayment Period = 180 MonthsDraw Period = 60 months
NYP + 1%NYP
Closing Costs Paid by IBC**
15-Yr Fixed Term Rates
Fees Paid by Borrower, see Closing Fee Estimates
Lot Loans*
Loan AmountCredit Score 640+ Required
2nd Lien Refi + Owetly Adjustments to Rate
0.750%0.500%0.250%-0.25%
Condo ≤ 95% CLTVCondo ≤ 90% CLTV
10-Yr Term
2nd Lien Only/Owelty Refinance*
6.500%6.750%7.000%
Fees Paid by Borrower, see Closing Fee Estimates
IBC Mortgage8998 Research Blvd. Austin, TX 78758
[email protected] (512) 338-3946
Max LTV
20-Yr Term
Consumer Loan Products
Effective: 2/05/2018
The material herein is informational in nature and is intended for IBC internal use or distribution to business entities only. It is not intended for distribution or use by consumers.
Rate5-Year Fixed
10-Year Fixed15-Year Fixed
$5,000 - $250,000$250,001 - $500,000
$500,001 - $999,9999$1,000,000 +
TERM
75%
Applies to Home Equity 1st Lien and Lot Loans:***Foreign National +1.00% *** Home Equity 1st Lien and Lot Loans are only products
available to a Foreign National
Rate Sheet Adjustments
Criteria Adjustment to Rate
70%65%60%
$175 + $225 Doc Prep for Home Improvement, or 1% + $150 Doc Prep for Lot Loans, or
$95.00
$9.00
$500 (if applicable)$200 Purchase / $250 Refinance$120 - $140
Fees Paid by Borrower, see Closing Fee Estimates
Credit card authorization required for title search, flood cert, credit report, and appraisal fees prior to ordering.
Refer to U/W GLs for LTV, Loan Amount & FICO Restrictions
Loan Amounts $10,000 - $200,000
Rate Sheet Adjustments below apply
Texas >80% LTV Restricted to $150,000 Max
Certain restrictions apply, rates are subject to change without notice. Equal Housing Lender - Member FDIC - International Bancshares CorporationInternational Bank of Commerce NMLS #421821
Escrows accounts are required on all first lien products for property taxes, homeowners insurance, and flood insurance (if required); however an escrow waiver may be approved on a primary residence with an LTV of 80% or less if the borrower has 6 months PITI payments in liquid
assets (HPML's will always require escrows).
1st Lien Home Equity Fixed Loans > $100,000 may be referred to another mortgage lending division within IBC.
Rates are subject to change at any time without notice and may be higher or lower than the rate currently advertised, not to exceed an annual percentage rate of 18%. This variable rate is based on the value of an index, plus or minus a margin. The index is the highest rate on corporate loans posted by at least 75% of the USA's thirty largest banks known as the New York Prime Rate and is published by J.P. Morgan Chase & Co.,
New York, New York. As of March 16th 2017, the index was 4.00%. This offer is available only on new home equity lines. Purposes and amounts of credit lines may be restricted by state law and IBC credit policy. Borrower is required to pay for title insurance when loan amount
exceeds $250,000.00.
Cash-out refinances now available up to 75% LTV and $250,000 loan amount. Maximum 65% LTV for raw land or rural property up to 10 acres. Additional restrictions apply to foreign nationals. Borrower is required to pay for 3rd party appraisal and title policy for purchase transaction
only. Tax valuations and title searches may be used for cash-out refinances.
The material herein is informational in nature and is intended for IBC internal use or distribution to business entities only.It is not intended for distribution or use by consumers. Guidelines provided for reference only, and do not guarantee approval.
Appraisal Policy
Escrow Policy
Oklahoma Only: Maximum CLTV for 1st and 2nd Lien HELOC's is 90%. Additional State specific guidelines may apply.
Fax (512) 338-3946
Work cannot begin and materials cannot be delivered until the loan has funded. The improvement amount cannot exceed 35% of the "as is" property value when in 2nd lien position.
All appraisal fees paid by the borrower.
Home Equity Fixed Rates*
1st or 2nd Lien Home Improvement Loans*
Home Equity Line of Credit*
If the LTV is equal to or less than 70%, an AVM and Property Inspection Report will be required; if the confidence level of the AVM is less than 85%, the AVM will be upgraded to a Desktop Appraisal Report; If the LTV is greater than 70%, a Desktop Appraisal with Property Inspection
Report will be required; A full interior/exterior appraisal (Form 1004/1073) from a State licensed appraiser will be required for all loan requests equal to or in excess of $150,000; Valuation fee will be collected upfront once the Intent to Proceed has been signed; All reports will
be ordered by the Jr. Processor; If a loan requires DGU insurance, the appraisal expiration requirement will follow DGU instead of IBC; For recent acquisitions, appraisal requirements still apply.
Lot Loans*
Fax (512) 676-4688 Fax (956) 688-3623Fax (512) 338-3924
Ph (512)320-9501 / Fax (512)338-3946
Ph (512) 676-4658
IBC Mortgage8998 Research Blvd. Austin, TX 78758
[email protected] (512) 676-4687
Consumer Quick Reference Guidelines
Mortgage Loan Consultants
Ph (956) 688-3617
Aaron Barnhart - NMLS 1095633 Maria Mendez - NMLS 1643685Jo Cranshaw - NMLS [email protected]
Ph (512) [email protected]
Anita Surdel - NMLS [email protected]